$1,995,000
Elizabethton, TN 37643
MLS# 9986985
2304 sqft
1 / 68
Property Description
The only thing better than this investment opportunity is the mountainous backdrop. These TEN beautiful cabins are already producing well with room for growth. The first five cabins are 576 square feet on one level with one bathroom, one bedroom, and large decks overlooking the gorgeous mountains. These five are on the same 2.96 acre parcel with possibility for future building sites. These also share a water meter, electrical meter, and septic tank. All five are leased with month-to-month lease terms. The second five cabins are on individual parcels with individual septic tanks, electrical meters, and water meters. These are 1600 square feet, two levels, and offering two bedrooms and two and a half bathrooms. Two of these are currently leased (also month-to-month) and the other three homes are still incomplete. Current monthly gross amount is $9350 and that is without the income of the three incomplete cabins. Renting easily as long term rentals, these would also be highly successful as short term rentals as well. These beautifully built homes with the gorgeous views are the perfect addition to any investor's portfolio. Located in Elizabethton in close proximity to Watauga Lake, various popular hiking trails, the Watauga River, Roan Mountain, and even a short drive to NC skiing, this is a beautiful destination both long term and short term tenants.
Details
Maps
Location, Tax & Legal Info
Parcel ID: 028 007.06
Deed Book #: 509
Deed Page #: 590
City Taxes: 0
County Taxes: 3637.11
Contract Info
List Price/SqFt: 865.89
Foreclosure: No
Short Sale: No
Auction: No
Status: Active
Listing Price: 1995000
Current Price: $1,995,000
Listing Date: 2025-10-13
General Property Description
Lot Dimensions: see acres
Acres: 4.71
Zoning: Commercial
# Buildings: 10
Elementary School: Hunter
Middle School: Hunter
Total Units: 10
High School: Unaka
Senior Community YN: No
HOA Y/N: No
Property Sub-Type: Multi Family
Year Built: 2020
Total SqFt: 2304
Remarks & Misc
Public Remarks: The only thing better than this investment opportunity is the mountainous backdrop. These TEN beautiful cabins are already producing well with room for growth. The first five cabins are 576 square feet on one level with one bathroom, one bedroom, and large decks overlooking the gorgeous mountains. These five are on the same 2.96 acre parcel with possibility for future building sites. These also share a water meter, electrical meter, and septic tank. All five are leased with month-to-month lease terms. The second five cabins are on individual parcels with individual septic tanks, electrical meters, and water meters. These are 1600 square feet, two levels, and offering two bedrooms and two and a half bathrooms. Two of these are currently leased (also month-to-month) and the other three homes are still incomplete. Current monthly gross amount is $9350 and that is without the income of the three incomplete cabins. Renting easily as long term rentals, these would also be highly successful as short term rentals as well. These beautifully built homes with the gorgeous views are the perfect addition to any investor's portfolio. Located in Elizabethton in close proximity to Watauga Lake, various popular hiking trails, the Watauga River, Roan Mountain, and even a short drive to NC skiing, this is a beautiful destination both long term and short term tenants.
Directions: From Broad Street in Elizabethton, Turn Left onto US-19E N. In .2 miles, turn Right onto SR-91 N. Turn Left onto Airport Rd and stay left onto Judge Ben Allen Rd. Go 1 mile to Ridgeview Dr. Turn left as you continue up the hill. Turn left to the cabins. Use 301 Judge Ben Allen for GPS
Property Condition
Above Average: 1
Income and Expenses
Vacancy Rate %: 30
Gross Annual Income: 112200
Exterior Finish
Wood Siding: 1
Unit 1
# Units: 1
# Bedrooms: 1
# Bathrooms: 1
SqFt: 576
Monthly Rent: 950
Unit 2
# Bedrooms: 1
# Bathrooms: 1
SqFt: 576
Monthly Rent: 1100
Style
Cabin: 1
Roof
Metal: 1
Unit 3
# Bedrooms: 1
# Bathrooms: 1
SqFt: 576
Monthly Rent: 1100
Unit 4
# Bedrooms: 1
# Bathrooms: 1
SqFt: 576
Monthly Rent: 1100
Window Features
Insulated Windows: 1
View
Mountain(s): 1
Heating
Central: 1
AC
Central Air: 1
Utilities
Electricity Connected: 1
Water Connected: 1
Water
Public: 1
Sewer
Septic Tank: 1
Appliances
Built-In Electric Oven: 1
Microwave: 1
Topography/Lot Description
Sloped: 1
Laundry Features
Electric Dryer Hookup: 1
Washer Hookup: 1
Easements
None: 1
Parking Features
Gravel: 1
Parking Pad: 1
Porch/Patio/Deck
Deck: 1
Walls
Drywall: 1
Structure Type
Cabin: 1
Location Tax Legal Info
Street #: 117-135
Street Name: Ridgeview
St Suffix: Drive
County: Carter
State/Province: TN
Zip Code: 37643
Area: 314 - Carter County
Subdivision: Not In Subdivision
Property Features
Property Condition: Above Average
Style: Cabin
Exterior Finish: Wood Siding
Appliances: Built-In Electric Oven; Microwave
Roof: Metal
Parking Features: Gravel; Parking Pad
View: Mountain(s)
Heating: Central
Laundry Features: Electric Dryer Hookup; Washer Hookup
Water: Public
Window Features: Insulated Windows
Sewer: Septic Tank
AC: Central Air
Utilities: Electricity Connected; Water Connected
Structure Type: Cabin
Walls: Drywall
Easements: None
Listing Office: Property Executives Johnson City
Last Updated: December - 30 - 2025
Information deemed reliable but not guaranteed.